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When do you want to retire?

Discussion in 'General Property Chat' started by D.T., 27th Nov, 2015.

?

When do you want to retire?

  1. Already have

    15 vote(s)
    15.2%
  2. 1 yr

    2 vote(s)
    2.0%
  3. 2 yr

    5 vote(s)
    5.1%
  4. 5 yr

    20 vote(s)
    20.2%
  5. 10 yr

    34 vote(s)
    34.3%
  6. 20 yr

    15 vote(s)
    15.2%
  7. Never

    8 vote(s)
    8.1%
  1. D.T.

    D.T. Adelaide Property Manager Business Member

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    So we've heard in the other thread where we want to retire.

    The question now is, when do you want to retire?

    Already have? In 1, 2, 5, 10, 20 years? Never?
     
  2. Hodor

    Hodor Well-Known Member

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    My goal is to be able to retire, don't think I will when I can, just reduce hours for increased time to spend doing what I want. Still 15 to 20 years away from the lifestyle I would want in retirement. Happy doing what I'm doing these days so no rush.
     
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  3. D.T.

    D.T. Adelaide Property Manager Business Member

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    Converted it to a poll so you can vote and discuss :)
     
  4. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    Definition of - Retire, please.
     
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  5. Art Vandelay

    Art Vandelay Well-Known Member

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    I voted 20 years.. but that may throw out the results because of my age. 20 years will make me early 40's - which I believe will be achievable given my current plan.
    Retire in mind is being able to go without paid work indefinitely and live comfortably off passive income - although I imagine I will be working for myself part time by that stage.
     
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  6. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    My definition would be:
    To be able to do whatever you desire to do, whilst having the financial capacity to do so ad infinitum, without ever having to work for money again.

    I'm choosing 1 year due to winding up current business commitments.
     
    Mac Fields, bobbyj, RM1827 and 3 others like this.
  7. D.T.

    D.T. Adelaide Property Manager Business Member

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    I'm happy for each person to use their own definition :)
     
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  8. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    Slightly edited mine, buy yeah, everybody would have their own variation on definition.
     
  9. Wall Street

    Wall Street Well-Known Member

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    As an employee, the aim is retirement by 40 (11 years). A bit of work, but do-able.

    As far as properties go, I don't see any end in sight (I consider investment to be a 'job' as well as a passion).
     
  10. Blacky

    Blacky Well-Known Member

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    I ticked 2years.

    In reality it will be closer to 3-4 (you didnt give me that option).
    I didnt tick 5, as that is a mental image I simply wont entertain.

    I will be a touch over 35 (missing my goal of retire by 35).

    Blacky
     
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  11. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    I picked 5 years

    Not sure if I will though it would be too boring as I don't like spending money.

    But I would like to be in a position to retire in 5 years time
     
  12. Bayview

    Bayview Well-Known Member

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    I want to retire.....about 10 years ago.
     
  13. sash

    sash Well-Known Member

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    I picked 5 years...that will make me 53.5 years of age....
     
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  14. sanj

    sanj Well-Known Member

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    If i sold out if everything and put it into something simple and income generating I could probably retire next year but dont see myself ever doing nothing and certainly not in the next 5 to 10 years. I enjoy what I do too much and there are so many things I want to do I haven't even started yet.

    The fun times have a long way to go yet
     
  15. joel

    joel Well-Known Member

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    I want the option to retire as soon as possible.
     
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  16. MTR

    MTR Well-Known Member Premium Member

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    Having choices in life...nice:)
     
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  17. See Change

    See Change Timing Lord Premium Member

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    Never

    Cliff
     
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  18. Biz

    Biz Well-Known Member

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    When the kids are independent. I haven't even finished reproducing yet so I am in for the long haul...
     
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  19. Dan Donoghue

    Dan Donoghue Well-Known Member

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    I used to say between 50 and 60 but with recent health issues (Cancer but all good, they chopped it out and now Chemo is cleaning up anything left behind) I am realising that life is too precious to spend it working, I ticked 5 years but I would like to make it three, I am 40 years old currently.

    See I always thought of myself as bullet proof and immortal, now I know that time may well be limited, I want to spend every day walking hand in hand on the beach with my wife, that to me is something I could spend the rest of my life doing very happily :).
     
  20. ellejay

    ellejay Well-Known Member

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    I resigned from my job this month but see it more like a mini retirement. I can't imagine not doing anything at all work wise for the rest of my life. I like the challenge, routine and social aspects of work. My plan is to eventually go back to casual part time stuff when I get bored with being on holiday. Combined with rental income that should provide the best of both worlds.
     
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